It's amazing how much 3" changes things...
So I got the Nishiki Sport that I was looking at yesterday for free!. SunTour everything, alloy 27" rims, LEATHER saddle (a cheap one, but it looks and feels REALLY nice anyway), steel seat post and handlebars, and a 14 speed set of stem shifters. I'll try to post pics of it a bit later.
It's turquoise blue, and is really gorgeous - no rust, and only a few scratches here and there. Actually, the color is almost exactly a non-metallic version of Raleigh mink - just a little bit darker.
So I get it home, and measure the seat post...on my Univega, it's 22-1/2 and is pretty comfortable with a riser stem and NR bars (although the top tube is pretty short). On this Nishiki, it's 19-1/2. The stupid thing was almost unrideable. I swapped wheels from the Uni, since I didn't have the cash or time to run to the store and took it for a ride. Sprightly little bugger, and everything works perfectly...it's just teeny! I think I'm going to give it to my sister once I get it completely fixed up - she's been wanting a drop bar bike...
BTW, is it weird to love the sound that the freewheel on this thing makes? It's a really hollow, mechanical, LOUD ticking. I love it.